WINSTON-SALEM, N.C. – Amarr, a garage door manufacturer and distributor, was ranked among the fastest-growing private American companies in Inc. magazine‘s August 23 online issue. Inc. ranked Amarr No. 3447 on the first-ever list of the 5000 fastest-growing private companies. This list was based on gross dollar growth for the past three years. From 2003 to 2006, Amarr increased its revenues by 86.8 percent, up from $173 million in 2003 to $323.2 million in 2006. In a subset of the top 5000 list, Inc. ranked Amarr No. 88 on the list of the top 100 companies based solely on the company’s 2006 total revenue ($323.2 million). For more than a quarter century, Inc. has published its coveted list of the 500 fastest-growing private companies. Earlier in 2007, the magazine announced that its list would be expanded ten-fold this year to include 5000 of the “who’s who” among rising business stars. “The Inc. 5000 provides the most comprehensive look ever at the most important part of the economy – the entrepreneurial part,” said Inc. 5000 Project Manager Jim Melloan. “The expansion of the list has allowed us to tell the stories of larger companies, older companies and a wealth of companies in industries like manufacturing and construction that are underreported in the business media.” As part of its reason for success in the garage door industry, Inc. said Amarr has “an intense focus to improve designs and offer customization services that has fueled company growth.” The magazine listed Amarr University, the company’s internal training program, as “noteworthy,” saying that students at Amarr University can earn both a Bachelor’s of Business Management and a Master’s of Business Management. “My father and his two brothers founded Amarr after World War II and dreamed the American dream of a fresh approach to business – decades before being an ‘entrepreneur’ became part of the fabric of American business culture,” said Richard Brenner, Chief Executive Officer at Amarr. “The forward-thinking legacy of our company’s founders lives as strong as ever today in the 1400 employees at Amarr, whom we proudly call ‘team members.” “The ‘stamp of approval’ from Inc. reiterates what we have known about our company for a long time: Amarr is far from a typical garage door company,” Brenner added. “We’re truly honored to be recognized by Inc. as one of America’s fastest-growing private companies.” Entrepreneurial companies ranked by Inc. in past years include Microsoft, Domino’s Pizza and E*Trade. Inc. 500 alumni say that being recognized on the Inc. 500 list has helped strengthen their company’s public profile and connected them with their peers and potential investors. Many expect the Inc. 5000 to do the same for a larger set of blossoming companies. The 2007 Inc. 5000 list measures revenue growth from 2003 to 2006. To qualify, companies had to be U.S.-based and privately held, independent – not subsidiaries or divisions of other companies – as of December 31, 2006, and have had at least $200,000 in revenue in 2003 and $2 million in 2006. Inc. will offer an extended profile of Amarr when the magazine launches IncBizNet in October.
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